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Renovated Office Building
New
For Sale
$650,000

50515 Mound Rd, Utica, MI 48317

Professional office property with recent building systems updates, substantial parking, and supporting due diligence materials.

Property Size2,444 SF
Lot Size0.91 Acres
Price / SF$265.96
Days on Market4

Property Features for 50515 Mound Rd

General Information

Standard status Active
Size 2,444 SF
Lot size 0.91 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $8,688

Building Details

Building Size 2,444 SF
Year Built 1974
Year Renovated 2010
Listing Agency:
Listed By: Benjamin Meldrum · License #6501384211
Source: Elliman
Added: Aug 2 Changed: Aug 3 Last Checked: Aug 5 at 11:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Benjamin Meldrum

Investment Insights

Based on property information with market context.

This 2,444-square-foot office building occupies a 0.91-acre parcel with a 114-by-344-foot lot configuration. The interior was renovated in 2010, providing an updated professional setting within a building constructed in 1974. Building improvements include a replacement roof completed in 2014, a new rooftop unit installed in 2018, and a rear furnace/AC system added in 2011.

Parking is available along the side and rear of the building. A mortgage survey and Phase 1 Environmental report are on file for review. The property is located at 50515 Mound Rd in Shelby Charter Township, Macomb County, Michigan, with a BikeScore of 33 and a Walk Score of 39.

Key Highlights

  • 2,444 square feet of office space on 0.91 acres
  • 114' x 344' lot
  • Office renovation completed in 2010

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Restaurant Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

88
Businesses Nearby

Demographics for 48317, MI

27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Professional office property with recent building systems updates, substantial parking, and supporting due diligence materials.
Where is this office building located?
The property is located at 50515 Mound Rd Utica, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,444 square feet of office space on 0.91 acres; 114' x 344' lot; Office renovation completed in 2010
More about this property
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